| 词汇 | example_english_intermediation |
| 释义 | Examples of intermediationThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. This reduces the costs of financial intermediation and raises the overall return on investment. Here we see that the increased return to intermediation creates a burst of investment at impact. The unconditional correlations are closer to those observed only when the intermediation shock is relatively unimportant. These mixed economies match unconditional observations better, but only if the intermediation shocks are of secondary importance. If trade frictions are low, conducting trade in the unorganized sector is so attractive that it may not generate sufficient profits for the intermediation business. When trade frictions are low, conducting trade in the unorganized sector is so attractive that it may not generate sufficient profits for the intermediation business. Such a framework allows for the existence of credit rationing and gives an explicit allocative function to financial intermediation. Here we consider a variety of (imperfect) measures of the intermediation shocks that drive our model. First, wholesale loans were arranged for various localities or provinces with the intermediation of prominent traditional elites. First, the intermediation process modeled here has no direct implications for the cost of borrowing to obtain consumption goods. Formally, a temporary equilibrium with financial intermediation is defined as follows. Conversely, suppose that r is an intermediation plan susceptible to entry under which stock shares are in fixed supply. Further, shocks to the intermediation process, acting through the substitution between investment and consumption, create excess volatility of the capital stock. The negative correlation of investment and consumption is present even if the serial correlation of the intermediation shock is 0.98. 18. Nevertheless, it is still possible to consider production and intermediation as distinct functions. In terms of composition dynamics, expansion of financial intermediation, and education played a major role in increasing inequality, whereas occupational transformation contributed to poverty alleviation. Yet, purchases of durables are an important aspect of variations in the intermediation process and the model should be expanded to include this feature. The limited access to intermediation reduces verification costs, while the increased indebtedness of those who are able to borrow raises costs. A weak financial system-reflecting an underperforming banking system, poor investment protection and corporate governance, or fragile securities markets-yields a high cost of financial intermediation. Here we see that there is substantial serial correlation in output of 0.67 even though the intermediation shocks are serially uncorrelated. Other than physical production, there is another "technology" available, namely, financial intermediation. The role of intermediation is thus to reduce the inefficiency caused by these imperfections. Finally, variations in the efficiency of the intermediation process arise from incentive models that effectively tie to the underlying state of the economy. As always, the difficult aspect of this exercise is the identification of intermediation shocks. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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